Blog

Patriotic Millionaires Issue Statement on the 2016 Democratic Party Platform

Washington, DC- The Patriotic Millionaires commend the recently released 2016 Democratic Party Platform for including an indexed $15 minimum wage as a key first step towards restoring economic security for all Americans.

“I support the DNC’s decision to include a living wage of $15 in the official 2016 platform. The Patriotic Millionaires believe that raising and indexing the federal minimum wage to $15 an hour is a step towards a stronger economy for all. As business people and leaders, we know that it is in our best interest when consumers have more money to spend. Millions of Americans in New York and California have already been promised the dignity to afford their basic needs with a $15 minimum wage- now the rest of the country can follow what we see as the only way forward,” says Patriotic Millionaires Chair Morris Pearl, former Managing Director BlackRock, Inc.

Facebook

Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system:
1. All citizens should enjoy political power equal to that enjoyed by millionaires;
2. All citizens who work full time should be able to afford their basic needs;
3. Tax receipts from millionaires, billionaires and corporations should comprise a greater proportion of federal tax receipts.

Stay informed.

About

The Patriotic Millionaires is a group of high-net worth Americans who are committed to building a more prosperous, stable, and inclusive nation. The group focuses on promoting public policy solutions that encourage political equality; guarantee a sustaining wage for working Americans; and ensure that millionaires, billionaires, and corporations pay a greater percentage of taxes.